By: Lin Meng-ju and Frances Huang
The MOEA said that the pace of global economic growth remained wobbly, compromising consumers’ demand for high-tech devices which have served as the backbone of Taiwan’s outbound sales.
In May, Taiwan’s export orders fell 5.8 percent from a year earlier to US$33.73 billion, the MOEA data showed. In the first five months of this year, the country’s export orders dropped 8.4 percent from a year earlier to NT$165.37 billion, the data indicated.
Despite the year-on-year decline for the 14th consecutive month in May, the data showed that the magnitude of the decline for the month was smaller than an 11.1 percent drop seen in April. The May figure was up 1.7 percent from April. [FULL STORY]